| Ashok Leyland Limited Related news |
Ashok Leyland dips 4% on closing Pantnagar plant due to weak demand
Posted on 16th July 2019 |
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Shares of Ashok Leyland dipped up to 4 per cent to trade at Rs 82.10 per share in the early morning deals on Tuesday after the company announced closure of its Pantnagar plant due to weak demand and outlook for the industry. In a regulatory filing, the heavy vehicle manufacturer said that the plant will remain closed between July 16 and July 24. |
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Ashok Leyland appoints two new COOs, CFO given additional responsibility
Posted on 21st June 2019 |
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Ashok Leyland on Thursday announced organisational changes by elevating two senior officials as chief operating officers and appointing a head for electric vehicle business. However, the company did not announce any name for the position of MD & CEO, which fell vacant after Vinod K Dasari quit in November 2018. |
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Ashok Leyland ready to ride on Elon Musk's India dream
Posted on 20th May 2019 |
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Tesla CEO Elon Musk who has been moving back and forth on his India dream for couple of years and unable to take the next big step now has an invitation from commercial vehicles major Ashok Leyland. Musk wants to make India his next big market but the question lingers: Will the electric car ever run on the bumpy 'desi' roads? |
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Ashok Leyland bags ₹80 crore order from Senegal
Posted on 16th May 2019 |
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New Delhi: Hinduja flagship firm Ashok Leyland on Thursday said it has bagged an order from Senegal, an African nation, to supply 400 minibuses worth 10.06 million euros (about ₹80 crore). This order comes from Senbus Industries, a company assembling urban buses in Dakar, the Senegalese Capital, Ashok Leyland said in a statement. |
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Ashok Leyland reports 7.5% growth in sales at 13,626 units in April
Posted on 2nd May 2019 |
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Commercial Vehicle major Ashok Leyland has posted a 7.5 per cent growth in sales during the month of April, 2019, at 13,626 units compared to 12,677 units during same month a year ago. Domestic sales grew 10 per cent to 13,141 units during the month, compared to 11,951 units during same month last year, driven by bus and LCV growth. |
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Ashok Leyland: Sales of domestic trucks down 4%
Posted on 1st March 2019 |
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Ashok Leyland has reported a two per cent drop in medium and heavy commercial vehicle (M&HCV) domestic sales in February 2019 at 12,621 units as compared to 12,874 units, a year ago. While trucks dropped by four per cent to 11,117 units from 11,577, the bus segment grew by 16 per cent to 1,504 units from 1,297 units. |
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Ashok Leyland net profit drops 21% at Rs 380 crore in December quarter
Posted on 20th February 2019 |
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Ashok Leyland, the commercial vehicle (CV) maker from the Hinduja Group, reported a 21.5 per cent decline in net profit at Rs 380.8 crore during the quarter ended December 31, 2018, as compared to Rs 484.9 crore during the same quarter of last year. Total income declined 12.3 per cent to Rs 6,346 crore. Gopal Mahadevan, chief financial officer, said: “Cumulative growth in TIV (total industry volume) till December was 25 per cent, which is significant. |
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Ashok Leyland launches new Guru 1010 ICV, Boss 1616 and 1916 medium-duty trucks
Posted on 19th February 2019 |
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Ashok Leyland on Monday launched new variants of intermediate commercial vehicle (ICV) GURU 1010 and a medium duty vehicle (MDV) Boss 1616 and 1916. While GURU 1010 is 10 tonne gross vehicle weight (gvw) , Boss will come in 16 and 19 tonne gvw. The company is betting on providing better profitability to the customer with the new variants by providing better operational efficiency in terms of driver comfort and fuel efficiency. |
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Ashok Leyland hits 20-month low on growth concerns
Posted on 22nd January 2019 |
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Shares of Ashok Leyland continued under pressure, hitting a 20-month low of Rs 86.55 apiece, down 4.5 per cent on the BSE, on concerns of a slowdown in vehicle sales. The market price of the country's second largest commercial vehicle (CV) manufacturer was trading at its lowest level since May 25, 2017. |
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